Magic Mind Secures New $12M Investment
Mental performance shot maker Magic Mind secured $12.4 million of a nearly $16 million round as it grows its retail footprint.
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Mental performance shot maker Magic Mind secured $12.4 million of a nearly $16 million round as it grows its retail footprint.
If beverage entrepreneurs somehow thought the THC drink business would be more “chill” than the non-infused side, they might soon learn a hard lesson.
Cannabis beverage brand Uncle Arnie’s is planning to nearly double its team from 40 to 75 employees after closing a $7.5 million investment round co-led by Mindset Capital and Delta Emerald Ventures.
Announces healthy kids brand is moving into Walmart after Sprouts and Walmart; developed by L.A. Libations, backed by Juggernaut.
Happy Moose Juice has acquired Growers’ Refrigeration in a deal that both solved its own refrigerated storage issues and those of cold-chain CPG brands in the region where capacity has historically been hard to find.
Cure Hydration has raised $5.6 million in a Series A funding round led by Lerer Hippeau, the company announced this week. The funding arrives as the New York-based functional drink mix brand has expanded its retail presence to over 15,000 doors nationwide.
Canadian cannabis company Hexo Corp, a former partner of Molson Coors, has been acquired by Tilray Brands, Inc., in a deal valued at around $250 million, the company announced yesterday in its Q3 earnings report.
Ingredient manufacturer Baldwin Richardson Foods has completed an asset acquisition of Corona, California-based beverage co-packer Aseptic Solutions, paving the way for the former company to start producing plant-based milks, fruit juices, teas, cocktail mixes, smoothies and coffee creamers.
Ready-to-pour cocktail DRNXMYTH has secured $3.7 million as it prepares to manufacture its innovative packaging in the U.S. and expand its retail footprint. The Series A round was led by an unnamed beverage venture firm, with Red Door Capital announcing an investment of $975,000 to close out the round on Tuesday.
Jack Owoc, the controversial CEO and founder of Bang Energy maker Vital Pharmaceuticals, is out as the company’s chief executive and chief science officer, and from its board of directors, where he had served as chairman, effective immediately.
Clean energy drink mix brand Pureboost announced it has raised over $2.6 million via crowdfunding from over 500 individuals as it prepares to expand its retail presence this year. Launched in 2018, Pureboost produces powdered energy drinks sold in single-serve stick packs.
When plant-based nutrition brand Soylent began in 2013, it adopted a tech-influenced approach, dubbing its products Soylent 1.1, Soylent 2.0, and so on. Now, after its acquisition by CPG portfolio company Starco Brands earlier this week, the food and beverage maker is in stable release.
Publicly traded consumer products company Starco Brands, Inc. has acquired plant-based food and beverage maker Soylent, completing the brand’s evolution from red hot food-tech startup to cross-category CPG platform.
Australian kombucha maker Remedy Drinks has closed a Series B funding round led by L Catterton and Australian investment firm Kin Group during Q4 2022. With this cash infusion, the brand plans to drive retail expansion with new and existing partners across the U.S.
Drippy Enterprises, the makers of THC and CBN-infused Drippy Soda, announced that beverage investor and brand leader Chris Hunter has backed the company’s seed funding round in addition to joining as an advisor.
Supported by partnerships with boxer Manny Pacquiao and hip hop star T-Pain, Takeover Industries, the maker of hydrogen water and gamer energy shot brand NXT LVL, looked to be riding high. Now the business is fighting to rebuild and numerous lawsuits show that the path that led Takeover to this moment appears to be anything but business as usual.
Ginger beverage brand Reed's has hired a new CCO to lead sales, Blue Bottle finds a creative director in retail fashion and Boxed Water Is Better announces hiring spree on the back of new partnerships and increased demand.